02:53:20
Federal Reserve Chairman Powell: Credit tightening complicates the assessment and increases uncertainty.
02:53:18
Federal Reserve Chairman Powell: The assessment of whether stricter policies are needed will be ongoing and will be conducted at each meeting.
02:52:54
Federal Reserve Chairman Powell: Many banks are now focusing on liquidity issues.
02:52:28
Federal Reserve Chairman Powell: Unsure whether a sufficiently restrictive level has been reached.
02:52:17
Federal Reserve Chairman Powell: We are continuing to assess whether interest rates are sufficiently restrictive.
02:47:59
The central bank of Saudi Arabia announced a 25 basis point hike in the repurchase rate.
02:47:56
Fed Chairman Jerome Powell: Economist forecasts for this meeting (a mild recession) are broadly similar to those in March.
02:43:22
Fed Chairman Powell: Statement changes are meaningful.
02:42:49
Federal Reserve Chairman Powell: My forecast is for the US economy to grow at a moderate pace, not a recession.
02:42:06
Federal Reserve Chairman Powell: The debt ceiling must be raised in time.
02:40:47
Fed swaps suggest the odds of a rate hike in June have risen to around 10%.
02:40:08
Federal Reserve Chairman Powell: We will determine the outcome of interest rates meeting by meeting.
02:39:23
Federal Reserve Chairman Powell: The extent of the (banking crisis) impact is uncertain.
02:39:04
Fed Chairman Powell: We still have a long way to go in reducing inflation.
02:37:48
Fed Chairman Powell: The full impact of monetary tightening will take time to be felt.
02:37:39
Federal Reserve Chairman Powell: We are seeing the impact of policy on housing and investment.
02:36:37
Fed Chairman Powell: (However) inflation has moderated.
02:36:34
Fed Chairman Powell: Inflation is well above target.
02:35:52
Fed Chairman Powell: Long-term inflation expectations appear to be well anchored.
02:35:38
Fed Chairman Powell: Job vacancies have fallen.